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Beach to retire as CEO of CO-OP Shared Branching

RANCHO CUCAMONGA, Calif. (10/5/10)--Carroll Beach, president/CEO of CO-OP Shared Branching (the former CUSC), a subsidiary of CO-OP Financial Services, has announced he will retire Jan. 31 to pursue other levels of personal and professional interests. Beach, a long-time executive in the credit union movement, was previously president/CEO of CUSC before assuming responsibilities with CO-OP. He began his career with credit unions as the president/CEO of the Colorado Credit Union System. During his 30-year tenure there, he was responsible for the leadership of the Colorado Credit Union League, its subsidiaries and related organizations. Beach also served on various boards, including that of the Credit Union National Association, Credit Union House LLC, U.S. Central FCU, Credit Union Service Corp. and the Association of American Credit Union Leagues (AACUL). He served on numerous committees and received AACUL's highest award, the Eagle Award. Beach also is a recipient of the Herb Wegner Lifetime Achievement Award, the most recognized award in the credit union industry. "He has played a pivotal role in leading the corporation to success with his steadfast devotion, progressive perspective and enthusiastic commitment to the betterment of the financial health of credit union members," said Bill Raker, board chairman of CO-OP Shared Branching. "Carroll was instrumental in the combination between CO-OP and CUSC in 2007, allowing credit unions to offer unprecedented access and convenience to their members," said Stan Hollen, CO-OP Financial Services president/CEO. "His vision has enabled credit unions to plug into one technologically advanced, streamlined hub, making a variety of payment channels easily available to members now and in the future."